According to CryptoDnes, the stablecoin sector experienced a $6 billion outflow in November, marking the largest monthly contraction since the 2022 Luna/UST collapse. The decline, driven by rising traditional market yields, Bitcoin weakness, leveraged position unwinds, and regulatory uncertainty, pushed the market value down from over $330 billion to around $324 billion. USDT saw the most significant outflows, though the sector remains above 2024 levels. Analysts view the drop as either a necessary deleveraging or a warning of deeper liquidity stress ahead.
Stablecoin Market Shrinks by $6 Billion in November, Largest Drop Since 2022
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